Overview
What is Lynnwood Food Bank?
Lynnwood Food Bank is a dedicated nonprofit organization situated in Lynnwood, Washington, specifically at 5320 176th St SW. Their primary mission is to alleviate food insecurity within the Lynnwood community. Throughout the year, they distribute an impressive amount of food, approximately 1,995,000 pounds, to families in need. The commitment of the community is evident with the substantial volunteer hours contributed, amounting to around 40,000 hours annually. The core activity of Lynnwood Food Bank involves distributing food to those who require assistance, contributing significantly to the well-being of the greater Lynnwood area.
Official website here: www.lynnwoodfoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Lynnwood Food Bank has received a two-star rating from Charity Navigator, indicating a need for improvement, with an overall score of 69%. While the organization demonstrates strong governance through a majority of independent board members and a commendable program expense ratio of 99.41%, it lacks essential financial transparency. The absence of financial statements and missing policies such as conflict of interest and whistleblower protections are significant concerns highlighted in the evaluation.
The strengths of the Lynnwood Food Bank include its effective allocation of resources towards its programs, signifying a commitment to its mission of serving the community. Additionally, the organization has shown that it has no material diversion of assets, which is a positive indicator of its financial integrity. However, the lack of publicly available financial documents and relevant governance policies raises questions about its accountability and operational practices.
Overall, while the Lynnwood Food Bank plays a crucial role in the community with admirable program spending, its governance and financial transparency issues suggest areas for growth and development. Addressing these shortcomings could enhance its rating and bolster public trust in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Lynnwood Food Bank legitimate?
Lynnwood Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynnwood Food Bank submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,601
For more financial information, click here
Official website here: www.lynnwoodfoodbank.org
What is the mission statement of Lynnwood Food Bank?
The Lynnwood Food Bank's mission is centered around providing assistance to those in need within the surrounding area. Specifically, it focuses on distributing food resources to households in need. The organization demonstrates its commitment to this mission by distributing a significant amount of food, as evidenced by their delivery of approximately 1,995,000 pounds of food in a year. The Lynnwood Food Bank also values the contributions of volunteers, with over 40,000 hours dedicated to their cause annually.
Official website here: www.lynnwoodfoodbank.org
Who is the CEO of Lynnwood Food Bank?
Matthew J Appel is the Principal Officer of Lynnwood Food Bank.
Official website here: www.lynnwoodfoodbank.org
What is the revenue of Lynnwood Food Bank?
Lynnwood Food Bank's revenue in 2022 was $3,660,471.
Official website here: www.lynnwoodfoodbank.org
Who are the executives of Lynnwood Food Bank and what are their salaries?
There 175 volunteers at Lynnwood Food Bank.
Here are 8 key members and their salaries:
- Compensation: $56,467
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lynnwoodfoodbank.org
Where can I find the form 990 for Lynnwood Food Bank?
Lynnwood Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lynnwoodfoodbank.org
Learn more at the official website: www.lynnwoodfoodbank.org
Mission Statement of Lynnwood Food Bank
Lynnwood Food Bank, as its name suggests, is a nonprofit organization with a mission to provide food assistance to individuals and families in need within the broader Lynnwood area. Its primary objective is to distribute food to those who are struggling to make ends meet, aiming to alleviate Hunger and promote food security in the community. Throughout the year, the organization has managed to distribute a significant amount of food, approximately 1,995,000 pounds, to households in need.
The Lynnwood Food Bank's mission is not just about distributing food but also about cultivating a sense of community and volunteerism. Their tireless efforts have resulted in an impressive 40,000 volunteer hours dedicated to this cause in a single year. These volunteers play a crucial role in the organization's operations, ensuring that food is procured, sorted, and distributed efficiently, thereby reaching a larger number of individuals in need. The Lynnwood Food Bank's mission is a testament to its commitment to helping those in the community who are struggling with food insecurity, and its significant impact can be seen in the lives of countless households in the Lynnwood area.
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Impact
July, 2024
Lynnwood Food Bank distributed approximately 1,995,000 pounds of food to households in the Lynnwood area. They also logged around 40,000 volunteer hours for the year. This impact directly translates into providing essential nutrition to individuals and families struggling with food insecurity in the greater Lynnwood area.
This information is meant to be a general summary of Lynnwood Food Bank. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,267
- Gross Receipts: $3,660,471
Assets and Liabilities:
- Total Assets: $1,243,391
- Total Liabilities: $0
- Net Assets: $1,243,391
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Organization Details
Founding Year
2004
Phone
(425) 745-1635Principal Officer
Matthew J Appel
Main Address
5320 176th St SW, Lynnwood, WA, 98037
Website
www.lynnwoodfoodbank.orgNTEE Category
Code: K31 - Food
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